In our earlier chart analysis, we see a potential bearish flag pattern. The pattern only proven wrong when it failed. We see a long pole follow a flag; an Equal Distance Channel. When the channel stay on for too long, the momentum has lost.
Now, we could see a double bottom pattern is completed. The double bottom has broken the neckline.
See chart for more details.
May 22, 2015 Alibaba Stock Analysis
May 22, 2015 Alibaba Group Holding
See other Alibaba Group Holding Ltd stock analysis posting for more details.
See link:
1) Free Moses Alibaba Group Holding Charts Analysis
2) Free Moses’ Alibaba Technical Analysis | US Stock
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Moses
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